Decarb Weekly 5/23/24

Decarb Weekly, by Industria Partners, is a collection of articles focusing on trends and transactions in industrial decarbonization and climate tech. 

Chart of the Week: 

Clean technology manufacturing investment by technology and region, 2022-2023 – IEA

Recent Market News:

• 280 Earth, a direct air capture technology developer, began operating the first DAC plant in Oregon. – Carbon Herald
• The U.S. industrial sector is quickly becoming the country’s highest emitter. According to Rhodium Group, the industrial sector is set to overtake the transportation sectors emissions by 2030. – Canary Media

Transactions:

• 5/22/24: Zero Carbon Systems has acquired Global Thermostat, a pioneer in decarbonization. Zero Carbon Systems intends to deliver a technology deonstration plant by 2026. – PR Newswire
• 5/21/24: AirLoom Energy, a startup taking novel approach to wind power, has raised $12.7 million in new funding. – TechCrunch
• 5/21/24: XGS Energy, a developer of water-independent geothermal technology has raised an oversubscribed $20 million Series A. – Business Wire
• 5/20/24: ETF Partners raised an oversubscribed €285 million fourth fund with a focus on revenue generating green tech in the energy, transportation, connectivity, consumer, food, and agriculture verticals. – TechCrunch

Deep Dive:
The Future of Climate Tech – SVB

Other Media:
Pitch Deck Teardown: Goodcarbon’s $5.5M seed deck – TechCrunch

Industria Partners provides focused strategic advisory services to industrial, climate, infrastructure, and energy companies at every point across the business cycle. Through industry connectivity, transaction experience, and expert execution, Industria delivers superior outcomes to its clients.